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Cashpoint President Indicted For Check Kiting.(Cashpoint Network Services Inc)(Brief Article)
Samuel Brevdeh, president of shuttered bill payment giant Cashpoint Network Services Inc., pleaded guilty on Nov. 18 on charges he masterminded a massive check-kiting scheme using ACH debits as its instrument.
According to the U.S. Attorney's Office for the Southern District of New York, Brevdeh, faced with shortfalls from field agents who collected bill payments made at various payments locations, began flooding holding accounts at JP Morgan Chase & Co., Mellon Financial Corp., North Fork Bank, and Sun National Bank with ACH debits he knew would bounce, and then made up the debits with other bogus debits. Meanwhile, he used the float for operating funds.
In many ways, Brevdeh's scam revived memories of the similar, 1985 kiting scam at E.F. Hutton & Co., which brought down that previously respected brokerage firm. There's one exception: In the Hutton scam, which treated the ...
- InterNap takes fast Net service to New York. (InterNap Network Services Corp.)
- Magazine article from: Puget Sound Business Journal Baker, M. Sharon May 8, 1998 700+ words
...old start-up InterNap Network Services Corp. has taken its first...with a networking facility in New York City and two heavy-hitting...PS Capital, based outside New York City, said that he has a...InterNap rolls out service in New York, lights up service in San...
- HealthTec Solutions Inc.(new name of Western New York Medical Network Services...
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HealthTec Solutions Inc., formerly Western New York Medical Network Services Inc., announced its name change and relocation to expanded offices. The medical and health care billing, reimbursement and...
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- Press release article from: Business Wire June 5, 1995 700+ words
NEW YORK--(BUSINESS...Pilot Network Services, Inc. is...and remote network services to companies...networks. The New York Service Center...and remote network services to companies...networks. In New York, Pilot representatives...
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...Seminar schedule for New York is: Thursday, November...provided), Sheraton New York Hotel and Towers (Liberty...Avenue at 52nd St., New York, N.Y., 10019, 212...3600. CONTACT: Pilot Network Services Stephanie Fohn, 800...
- InterNAP Network Services Launches Service in New York; National Expansion to...
- Press release article from: Business Wire May 11, 1998 700+ words
...anniversary, InterNAP Network Services Corporation has launched service in New York -- an integral development...IP connectivity. The New York service hub, or Private...existing P-NAP in Seattle. New York is the first step in a...
- New York Life Selects Genuity for Black Rocket; Genuity's Network Services...
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...announced that New York Life Insurance...Rocket(TM) Network Services Platform. A Black...companies like New York Life recognize...solutions on a robust Network Services Platform that...A robust Network Services Platform that...services About New ...
- Switch and Data and Metcom Network Services Expand Connectivity in the New York...
- Press release article from: Business Wire June 15, 2009 700+ words
...today that Metcom Network Services (MNS), operator...Avenue sites in New York. This expands...President of Metcom Network Services. "This strategic...addresses in the New York metro area. These...suites, across the New York Metro region." About Metcom ...
- Transaction Network Services, Inc. to List On New York Stock Exchange.
- Press release article from: Business Wire June 1, 1999 700+ words
...June 1, 1999-- Transaction Network Services, Inc. (TNS) (NASDAQ:TNSI...shares of common stock on the New York Stock Exchange (NYSE). The...business worldwide." Transaction Network Services, Inc., headquartered in Reston...
- DMW Worldwide Contributes Leading-edge Network Services to Earth Pledge...
- Press release article from: Business Wire December 2, 1998 700+ words
...training center at its New York headquarters. DMW Worldwide...Pledge Foundation serves New York, New Jersey, and Connecticut...purchased a building in New York City at 122 East 38th...products with business and network services, DMW provides customers...
- Jones Walker Avoids Hurricanes' Backlash with Help from LexisNexis Managed...
- Press release article from: Business Wire January 30, 2006 700+ words
NEW YORK -- In the wake...R) Managed Network Services across its entire...With our Managed Network Services, we are able...LexisNexis Managed Network Services are one component...part of LegalTech New York, held at the...